NBA superstar LeBron James has cut $2 million off the original asking price for his Miami home. The property, which was once listed for $17 million, has now been discounted to $15 million, according to a report from the online edition of the Wall Street Journal.
Additionally, a report from realtor.com states the house has remained available since October, during which James put the property on the market. Back in March 9, before the current slash on the price of the house, Chris Leavitt, director of Luxury Sales for Douglas Elliman, had said that the location might have to do with the property still being unsold. According to him, homes and condos are being sold "at a rapid rate" but must be "priced right and in the right location." In this case, the home of the former NBA MVP is located in the district known as Coconut Grove, which, according to Leavitt, is not a prime Miami location.
"What people really want is Star Island, Palm Island, Indian Creek Island, La Gorce Island or North Bay Road. These are the premier real estate locations in Miami. This (Coconut Grove) is not, unfortunately, there," Leavitt surmised.
The home, located in the posh Miami district Coconut Grove, was recently featured on 7online.com, which showcased images of the house. It features a pool with multi-colored lighting, a multi-car garage, a huge balcony with an amazing ocean view, six full bedrooms and eight and a half bathrooms and other lush "amenities fit for a king." The waterfront compound measures a total of 12,000 square feet.
James bought the property back in 2010 for a little over $9 million after joining the Miami Heat team. He placed the property on the market after returning to his beloved Cavaliers last summer. James and realtor Tomi Rose hope to see more action on the market now that the price of the property has been reduced to $15 million.
